$8,975,000 Active Under Contract
1458 Pittman Terrace
Glenbrook, NV 89413
✓ STR Allowed — Permit Required
Douglas County NV STR permit required. Check HOA rules — many communities in this area restrict short-term rentals.
4 Beds
·
3.5 Baths
·
3,011 Sq Ft

About This Property

Mountain View's and Lakefront Living Discover refined lakefront living in this exceptional newer-built mountain lakefront home, where traditional design meets natural beauty. With 50 feet of prime Lake Tahoe frontage, this meticulously maintained residence offers rare access to a shared beach and private buoy the ideal setup for boating, paddleboarding, or lakeside lounging. Step inside to a sun-filled great room framed by a dramatic wall of windows that perfectly captures the breathtaking views and captivating sunsets. The open-concept main level flows seamlessly onto an expansive deck, ideal for al fresco dining and entertaining. Two spacious primary suites on the upper floor, while the lower level features two additional bedrooms and a mixed media room, perfect for extended family or guests. Professionally landscaped and fully irrigated, the property is partially fenced for added privacy. Built with quality craftsmanship and attention to detail, this lakefront haven is move-in ready. Located just minutes from the Stateline Casino corridor, world-class golf at Edgewood Tahoe, and the slopes of Heavenly Ski Resort, this home presents a rare combination of serenity and accessibility to top-tier amenities.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active Under Contract
MLS # 250051851
Days on Market 280
Price/Sq Ft $2,981

Property History

Jun 20, 2025
Listed for sale
$8,975,000
Current
Pending
$8,975,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,011
Lot Size 0.23 acres
Stories 3
Year Built 1991
Property Type Single Family Residence
Subdivision Cave Rock Cove
County Douglas
STR Jurisdiction Douglas County
APN 1418-27-210-010
Parking
Garage Spaces 2
Total Parking 2
Parking Features Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Adjoins Lake, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Radiant Floor
Cooling Central Air
Water Source Lake Tahoe
Financial
Annual Tax $15,413
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 1458 Pittman Terrace, Glenbrook

Est. Annual Revenue
$321,165
Avg Nightly Rate
$2745
Projected Occupancy
32.0%
Cap Rate
1.4%
Structural Score: 58 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Glenbrook. Revenue projections are estimates and may vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($1,795,000)
Home price
$8,975,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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